Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you help me make a Statement of Financial Position, Income Statement and Changes in Equity based on the list below? *You are free to

Can you help me make a Statement of Financial Position, Income Statement and Changes in Equity based on the list below?

*You are free to use any appropriate amount to be assigned in each account title*

I just need a format please. Thank you

image text in transcribed
Accounts Payable Long Term - Advances to company officer Accounts Receivable Loss due to Casualty Accrued Expenses Machinery and Equipment Accrued Interest Receivable Merchandise Inventory Accumulated Depreciation - Building Notes Payable - 2 years V Accumulated Depreciation . Furniture and Notes Payable - short term debts Fixtures Notes Receivable - 12 months Accumulated Depreciation . Machinery and Notes Receivable - 3 years Equipment Office Supplies Additional Investment made during the year Office Supplies Used Administrative Expense Patent Advances to employees, collectible currently Petty Cash Fund Advertising Expense Prepaid Insurance Expense Allowance for Uncollectible Accounts Prepaid Rent Expense Bonds Payable - 5 years (payable in 5 equal Rent Expense instalment in each end of the year) Repairs Expense Building Salaries Expense Capital Beginning Salaries Payable Cash Equivalents Service Revenue Cash in Bank Unearned Rent Income - 3 months Cash on hand Utilities Expense Delivery Expense Utilities Payable Depreciation Expense - Building Withdrawal Depreciation Expense - Furniture and Fixtures Depreciation Expense - Machinery and Equipment Doubtful Accounts Expense Employee Benefit - SSS, PHIC, Bonus and Commission Franchise Furniture and Fixtures Income Tax Expense (30%) Insurance Expense Interest Expense on Loan Interest Revenue Investment in Bonds Land

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Accounting

Authors: Claudia Gilbertson

10th Edition

1111581169, 978-1111581169

More Books

Students also viewed these Accounting questions

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago